Quanta Services, Inc. $PWR Stake Boosted by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,573 shares of the construction company’s stock after acquiring an additional 2,220 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Quanta Services were worth $25,103,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Copia Wealth Management increased its holdings in shares of Quanta Services by 509.1% in the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after purchasing an additional 56 shares during the period. SOA Wealth Advisors LLC. boosted its stake in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter valued at approximately $26,000. Solstein Capital LLC grew its stake in Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. Finally, Ameriflex Group Inc. increased its stake in shares of Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 0.7%

Shares of PWR stock opened at $463.36 on Wednesday. The company has a market capitalization of $69.10 billion, a P/E ratio of 68.65, a P/E/G ratio of 2.26 and a beta of 1.16. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $480.93. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $441.72 and a 200 day moving average price of $417.67.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the business posted $2.72 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PWR. Truist Financial increased their price objective on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein reduced their price target on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Mizuho set a $415.00 price objective on shares of Quanta Services in a report on Tuesday, October 28th. Evercore ISI increased their target price on shares of Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Roth Capital set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $449.57.

Insider Activity at Quanta Services

In other news, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the sale, the director owned 2,730 shares in the company, valued at $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the transaction, the executive vice president directly owned 34,575 shares in the company, valued at $15,344,730.75. This trade represents a 28.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,002 shares of company stock valued at $14,295,857 over the last ninety days. Company insiders own 1.10% of the company’s stock.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.